Unknown Organization (20240283648). APPARATUS AND METHOD FOR GENERATING AN NFT VAULT simplified abstract
Contents
APPARATUS AND METHOD FOR GENERATING AN NFT VAULT
Organization Name
Inventor(s)
Linda Lee Richter of Oakland CA (US)
APPARATUS AND METHOD FOR GENERATING AN NFT VAULT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240283648 titled 'APPARATUS AND METHOD FOR GENERATING AN NFT VAULT
The present disclosure pertains to a system and method for creating an NFT vault. The system includes a processor and memory storing instructions for the processor. The processor can receive user input, such as token data, through a user interface. It then generates a data structure that links the user with the token data and encodes access permissions for third-party viewers. Additionally, the processor creates a virtual space based on the data structure and displays it through the user interface.
- Processor and memory system for generating an NFT vault
- User input, including token data, received via a user interface
- Data structure created to associate user with token data and encode access permissions
- Virtual space generated based on the data structure
- Display of the virtual space through the user interface
Potential Applications: - Secure storage and management of NFTs - Providing controlled access to NFT collections - Creating immersive virtual experiences for NFT holders
Problems Solved: - Ensuring secure storage and access control for NFTs - Facilitating interaction with NFT collections in a virtual environment
Benefits: - Enhanced security for NFT assets - Improved user experience through virtual space visualization - Increased control over access permissions for NFT collections
Commercial Applications: Title: "NFT Vault Generation System for Secure Asset Management" This technology can be utilized by NFT marketplaces, digital art platforms, and blockchain-based gaming companies to enhance the security and user experience of NFT holders.
Questions about NFT Vault Generation System: 1. How does the system ensure the security of NFT assets? 2. What are the potential implications of this technology for the NFT market?
Frequently Updated Research: Stay updated on advancements in blockchain technology, NFT standards, and virtual reality integration for NFT storage and display.
Original Abstract Submitted
the present disclosure is directed to an apparatus and method for generating an nft vault. the apparatus may include and a processor and a memory storing instructions to be carried out by the processor. in some embodiments, the processor may be configured to receive a user input via a user interface, where the user input may include token data. the processor may be configured to generate a data structure, where the data structure associates the user with the token data and encode an access permission in the data structure, where the access permission enables a third-party viewer access to the data structure. the processor may be configured to generate a virtual space as a function of the data structure. further, the processor may be configured to display the virtual space via the user interface.
